Menu

Smart Factories FEATURE NEWS

Nokia and ABI Research Release Report on Manufacturing Investment and Industry 4.0

By Ken Briodagh May 12, 2020

Nokia recently released the results of a new survey, conducted in partnership with ABI Research, an independent research firm, in which the researchers talked to more than 600 manufacturing decision-makers to assess investment strategies related to 4G/LTE, 5G and Industry 4.0.

The survey reportedly found that 74 percent of respondents are looking to upgrade communications and control networks by the end of 2022 with more than 90 percent investigating the use of either 4G and/or 5G in their operations. Just over half of respondents (52 percent) believe that the latest generation of 4G/LTE and 5G will be necessary to meet their transformational goals.

The research reportedly also identified key business use cases that would drive investment in 4G or 5G. Respondents reflected the need to digitalize and improve existing infrastructure (63 percent), automation with robotics (51 percent) and achieve new levels of employee productivity (42 percent).

“We have reached an inflection point in Industry 4.0 transformation as the fast, secure, low latency connectivity underpinning its implementation now becomes available,” said Manish Gulyani, VP, Marketing, Nokia Enterprise. “This research indicates the strong marketplace appetite for industrial-grade wireless networking to capture the transformational benefits of digitalization and automation. We believe that demand, combined with easy-to-deploy private wireless solutions, will drive adoption.”

The research examined near-term drivers influencing buying decisions for new industrial systems across IT and OT. According to the report, IT drivers primarily focus on reducing downtime (53 percent), improving operations efficiency (42 percent), and enhancing security (36 percent). In comparison, OT drivers reflect a desire to replace aging infrastructure (43 percent), improve efficiency (40 percent) and increase capacity (38 percent).

“Importantly, research findings indicate a preference for deploying private fully-owned and operated? wireless networks, with manufacturers favoring in-house management to allay security concerns?,” said Ryan Martin, Principal Analyst, ABI Research. “It’s evident that respondents are not entirely committed to Wi-Fi/WLAN and will consider latest generations of wireless technologies. As a result, 2020 is a critical year for networking suppliers to educate the market regarding the merits of 4G/LTE and 5G. Based on this research we also observe a pan-industry need to quantify not only the potential ROI of investing in private wireless, but also to clearly indicate the cost of inaction – vendors need to make the case for investing in Industry 4.0 today to gain a clear competitive advantage over those who choose to wait.”


Ken Briodagh is a storyteller, writer and editor with about two decades of experience under his belt. He is in love with technology and if he had his druthers would beta test everything from shoe phones to flying cars.

Edited by Ken Briodagh

Editorial Director

SHARE THIS ARTICLE
Related Articles

Wireless on Factory Floor: What does it Take to Make a Factory Smarter?

By: Special Guest    4/30/2021

There are a lot of moving parts that make the factory smart and utilizing wireless technologies is one of such parts. While wireless technologies have…

Read More

HPE Aruba Drives Industry 4.0 with Edge-to-Cloud Technologies that Support Hyper-Aware Industrial Facilities

By: Special Guest    4/5/2021

The combination of data and context enables applications to be cognizant, and plants to become smart enough to adapt to the environment, machines, and…

Read More

5G & Wireless IoT Overcome Common Connected Factory Challenges

By: Maurice Nagle    3/18/2021

The IoT is no longer a pipe dream. We are well beyond doodling on cocktail napkins; instead, innovation is crafting a connected world. These billions …

Read More

In Another Burst of Tech Innovation Driven by COVID-19, Livestock Drug Producer Keeps Plants Open Using IoT and LoRaWAN

By: Andrew Athanasian    3/18/2021

While we are seeing encouraging signs of the COVID-19 global health crisis starting to slow, we are not out of the woods yet. While the economy in the…

Read More

5G and Wireless IoT Spurring Smart Factory Success

By: Maurice Nagle    2/12/2021

Taking place on March 2nd the webinar, "How 5G and Wireless IoT is Enabling the Smart Factory" offers industrial engineers, operations managers, IT an…

Read More